Common use of Inactive Subsidiary Clause in Contracts

Inactive Subsidiary. Permit the Inactive Subsidiaries to (a) own any material assets, or (b) engage in any business activity.

Appears in 3 contracts

Samples: Loan and Security Agreement (Big Dog Holdings Inc), Loan and Security Agreement (Big Dog Holdings Inc), Loan and Security Agreement (Big Dog Holdings Inc)

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Inactive Subsidiary. Permit the Inactive Subsidiaries Subsidiary to (a) own any ------------------- material assets, or (b) engage in any business activity.

Appears in 2 contracts

Samples: Loan and Security Agreement (Microstrategy Inc), Loan and Security Agreement (Microstrategy Inc)

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Inactive Subsidiary. Permit the Inactive Subsidiaries Subsidiary to (aA) incur any liabilities, (B) own or acquire any material assetsasset, or (bC) engage in any business activityoperations or business.

Appears in 2 contracts

Samples: Subordination Agreement (Tontine Capital Partners L P), Subordination Agreement (Patrick Industries Inc)

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